Axiotron, the maker behind the Modbook has gone public and will be traded on the TSX Venture Exchange in Canada with the symbol AXO. The sale of stock will raise $5.1 million for the company.
The money raised will be used to finance increased production of the Modbook, the award winning tablet modification for the Apple MacBook. CEO Andreas E. Haas will remain in charge as the company goes public according to Axiotron.
"Going public in Canada provides Axiotron the financial means to grow aggressively without the potential pitfalls of traditional venture capital funding or the expensive regulatory environment of the U.S. public markets," commented Mr. Haas. "Now we can fulfill our commitment to our customers by supporting the Modbook and offering some exciting new technologies our team has been working on."